KING, GAIL

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BEAR GRASS (COTTON VALLEY CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 221678District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.5 M
May 2006 – May 2026
Value, last 12 filed months
$25 k
at the published price for each month
Months reported
241
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 385 leases and 385 wells, and the rule below applies to all of them.

Discovered
2004-02-24
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2010-12-14.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas222008-02-06 – 2016-01-222 dockets
NGPA2none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition82 bbl$5,359
GasProduction2,085,724 Mcf$11,466,515
Total$11,471,874

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.4052, -96.2426. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.40521, -96.24263 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
14,894 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 14,894 ft.

Completions filed
Apr 2012
1 of 1 wells

1 well

42-289314951514,894 ftApr 2012

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (241)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

241 months

May 20260466106.413.05$1,419
Apr 2026042698.932.87$1,223
Mar 2026051889.753.15$1,631
Feb 2026045563.503.75$1,706
Jan 2026054759.138.00$4,375
Dec 2025057156.664.41$2,520
Nov 2025053258.593.93$2,089
Oct 2025058159.383.30$1,920
Sep 2025060762.743.08$1,868
Aug 2025062363.933.01$1,878
Jul 2025063566.743.32$2,105
Jun 2025058866.483.13$1,840
May 2025061060.553.23$1,972
Apr 2025047762.363.54$1,690
Mar 2025035767.704.27$1,524
Feb 2025036170.884.34$1,567
Jan 2025047274.324.28$2,020
Dec 2024029568.993.12$921
Nov 2024042469.052.20$932
Oct 2024061771.372.28$1,408
Sep 2024064169.612.36$1,516
Aug 2024078675.632.06$1,622
Jul 2024057379.932.15$1,230
Jun 2024039478.082.63$1,038
May 2024052878.812.20$1,161
Apr 2024034384.451.66$569
Mar 2024077280.301.55$1,193
Feb 2024022776.091.78$405
Jan 2024035073.023.30$1,154
Dec 2023040471.262.61$1,055
Nov 2023040077.892.81$1,123
Oct 2023050185.443.09$1,547
Sep 2023046189.042.74$1,261
Aug 2023047880.522.67$1,278
Jul 2023076674.852.64$2,024
Jun 2023041668.962.26$940
May 2023028770.622.23$639
Apr 2023058178.122.24$1,300
Mar 2023063272.852.39$1,512
Feb 2023056475.112.47$1,391
Jan 2023065276.533.39$2,209
Dec 2022067776.415.73$3,879
Nov 2022040985.005.65$2,309
Oct 2022040487.185.86$2,369
Sep 2022042484.888.16$3,461
Aug 2022046994.529.13$4,281
Jul 20220378101.587.54$2,851
Jun 20220434115.097.98$3,462
May 20220544109.378.43$4,588
Apr 20220575104.226.84$3,932
Mar 20220591108.885.08$3,000
Feb 2022059591.054.86$2,891
Jan 2022071181.844.54$3,226
Dec 2021068071.323.90$2,651
Nov 2021063777.435.24$3,336
Oct 2021078179.795.71$4,463
Sep 2021070269.865.35$3,756
Aug 202101,03366.024.22$4,360
Jul 2021067170.783.98$2,672
Jun 2021083569.493.38$2,823
May 202101,07963.483.02$3,256
Apr 202101,05660.362.76$2,913
Mar 2021051661.302.72$1,402
Feb 2021072157.805.55$4,000
Jan 2021058250.412.81$1,636
Dec 202001,33844.642.68$3,580
Nov 20200038.772.71$0
Oct 2020087236.972.48$2,161
Sep 202001,60337.091.99$3,192
Aug 2020093939.982.39$2,240
Jul 2020078038.371.83$1,424
Jun 202001,18534.901.69$2,003
May 202001,36116.921.81$2,470
Apr 2020098314.751.80$1,774
Mar 202001,81230.341.86$3,363
Feb 202002,07649.881.98$4,112
Jan 202001,97857.252.09$4,143
Dec 201901,79559.012.30$4,136
Nov 201902,32055.302.75$6,382
Oct 201902,05753.472.42$4,975
Sep 201901,88455.052.66$5,006
Aug 201901,12253.112.30$2,585
Jul 201901,24156.272.46$3,053
Jun 201901,42552.782.49$3,550
May 201901,26358.482.74$3,461
Apr 201901,22562.632.75$3,370
Mar 201901,33356.803.06$4,082
Feb 2019089250.852.79$2,491
Jan 201901,43646.033.23$4,636
Dec 201801,82646.594.19$7,643
Nov 201802,00452.934.24$8,491
Oct 201802,30061.443.40$7,816
Sep 201801,65159.543.11$5,131
Aug 201802,47559.403.07$7,590
Jul 201802,38365.142.93$6,987
Jun 201802,05060.183.08$6,308
May 201802,48065.382.90$7,194
Apr 201802,44663.842.90$7,095
Mar 201802,71561.222.79$7,566
Feb 201802,53261.782.77$7,004
Jan 201802,96762.874.01$11,896
Dec 201703,51857.272.92$10,278
Nov 201702,46055.423.12$7,671
Oct 201703,17949.292.98$9,485
Sep 201702,04347.523.09$6,307
Aug 201702,25945.373.00$6,787
Jul 201701,98543.873.09$6,128
Jun 201702,36042.493.09$7,286
May 201702,52845.373.26$8,250
Apr 201702,45747.933.21$7,891
Mar 201702,60546.772.98$7,772
Feb 201702,55750.452.95$7,550
Jan 201701,56749.413.42$5,357
Dec 201602,51248.763.72$9,352
Nov 201602,82342.492.64$7,465
Oct 201602,90846.193.09$8,986
Sep 201602,65541.553.10$8,232
Aug 201602,37841.442.92$6,954
Jul 201602,76841.622.92$8,095
Jun 201602,92245.352.69$7,848
May 201603,03742.521.99$6,047
Apr 201603,21036.561.99$6,391
Mar 201603,10233.011.79$5,565
Feb 201602,99226.472.06$6,174
Jan 201603,25727.352.36$7,701
Dec 201503,31132.362.00$6,627
Nov 201503,24538.792.17$7,033
Oct 201503,61243.552.43$8,765
Sep 201503,37642.992.76$9,312
Aug 201503,63940.162.87$10,453
Jul 201503,76048.152.95$11,074
Jun 201503,73256.152.88$10,759
May 201504,02255.212.96$11,887
Apr 201503,84149.822.71$10,396
Mar 201504,07542.892.93$11,959
Feb 201503,69344.662.98$10,991
Jan 201504,20743.433.10$13,044
Dec 201404,32654.693.59$15,536
Nov 201404,17570.464.25$17,751
Oct 201404,45078.303.90$17,359
Sep 201404,41086.164.05$17,840
Aug 201404,61889.394.04$18,634
Jul 201404,63796.564.18$19,381
Jun 201404,57498.164.74$21,666
May 201405,17894.734.73$24,474
Apr 201405,11395.944.81$24,589
Mar 201405,49495.895.06$27,782
Feb 201405,17197.406.19$32,019
Jan 201406,25390.404.86$30,394
Dec 201305,69491.824.35$24,794
Nov 201305,58688.853.74$20,882
Oct 201305,64197.423.78$21,319
Sep 201305,102104.113.72$18,968
Aug 201305,670104.253.52$19,973
Jul 201305,423102.523.72$20,161
Jun 201305,62794.403.93$22,133
May 201306,04294.834.15$25,069
Apr 201306,71393.964.28$28,749
Mar 201305,95693.623.91$23,305
Feb 201306,34791.233.42$21,706
Jan 201307,31591.603.42$25,017
Dec 201207,84886.773.42$26,841
Nov 201208,27886.953.62$30,007
Oct 201209,05389.383.40$30,777
Sep 201209,25994.672.92$27,021
Aug 2012010,34492.662.91$30,082
Jul 2012012,04385.133.02$36,379
Jun 2012012,28779.822.52$30,951
May 201208,41191.612.49$20,929
Apr 201206,945101.652.00$13,868
Mar 2012013,647105.052.22$30,325
Feb 2012014,767101.102.57$37,955
Jan 2012018,94398.092.73$51,792
Dec 2011024,41996.873.24$79,111
Nov 2011029,34395.723.31$97,163
Oct 2011010,69984.983.65$39,036
Sep 2011017,71083.623.99$70,589
Aug 201103,83883.404.15$15,925
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 2011082398.134.40$3,625
Apr 201100105.964.33$0
Mar 201109,93296.364.06$40,298
Feb 201101,38585.644.18$5,789
Jan 201108,73986.504.59$40,101
Dec 2010010,16185.734.35$44,177
Nov 2010041,45980.843.80$157,351
Oct 2010015,38478.103.51$53,981
Sep 2010015,19972.633.98$60,484
Aug 2010016,86973.684.42$74,550
Jul 2010016,97872.554.74$80,416
Jun 2010012,44770.364.91$61,120
May 2010012,44071.124.24$52,686
Apr 2010011,84081.694.12$48,813
Mar 2010013,23378.394.39$58,075
Feb 2010014,66873.585.44$79,829
Jan 2010015,08774.365.96$89,980
Dec 2009018,17271.445.48$99,651
Nov 2009019,00274.593.75$71,286
Oct 2009019,68872.544.11$80,923
Sep 2009020,51365.543.06$62,867
Aug 2009022,15867.423.22$71,316
Jul 2009028,83061.133.46$99,882
Jun 2009019,96866.163.90$77,775
May 200908,31354.743.93$32,635
Apr 200907,63046.773.59$27,373
Mar 2009011,72042.144.06$47,571
Feb 200907,86232.814.63$36,425
Jan 2009110,82135.865.37$58,155
Dec 2008024,86337.105.98$148,610
Nov 2008025,07555.496.86$172,024
Oct 2008029,93875.246.92$207,230
Sep 2008031,583101.767.88$248,782
Aug 2008036,271114.228.48$307,688
Jul 2008231,735131.0811.39$361,706
Jun 2008312,139131.3313.03$158,597
May 200801,593123.1711.57$18,438
Apr 200802,585110.3110.45$27,026
Mar 200801,469101.909.66$14,197
Feb 200803,26392.538.77$28,618
Jan 200816,42590.388.21$52,812
Dec 2007120,76988.337.30$151,743
Nov 2007017,83891.677.29$130,069
Oct 2007019,15782.856.92$132,604
Sep 2007030,55075.846.24$190,759
Aug 2007037,67169.066.39$240,640
Jul 2007038,40170.906.39$245,303
Jun 2007052,03562.007.55$392,784
May 2007024,98358.747.85$196,024
Apr 200707,14659.617.81$55,776
Mar 2007036,97056.927.30$269,954
Feb 2007354,89955.108.22$451,215
Jan 2007252,47150.306.73$353,065
Dec 2006675,67156.656.92$523,865
Nov 2006964,00954.207.62$488,075
Oct 200610101,63954.906.01$611,786
Sep 200615110,56860.085.04$557,854
Aug 20065117,09468.717.34$859,804
Jul 20065669.376.34$385
Jun 200619,78666.286.38$62,539
May 20061842,68666.016.42$275,446

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  466 Mcf  × $  3.05 =     $1,419

────────────────────────────────────────────────────
Month total                                   $1,419

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 05/G/221678 is the state's own key, not one this site invented.